Hikari Tsushin Inc. Raises Position in Intuitive Surgical, Inc. (ISRG)

Hikari Tsushin Inc. grew its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 200.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,340 shares of the medical equipment provider’s stock after acquiring an additional 7,560 shares during the period. Intuitive Surgical accounts for 1.2% of Hikari Tsushin Inc.’s holdings, making the stock its 13th biggest holding. Hikari Tsushin Inc.’s holdings in Intuitive Surgical were worth $3,953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Public Employees Retirement System of Ohio lifted its position in Intuitive Surgical by 0.8% during the third quarter. Public Employees Retirement System of Ohio now owns 44,024 shares of the medical equipment provider’s stock valued at $46,044,000 after acquiring an additional 340 shares during the last quarter. Salem Investment Counselors Inc. raised its holdings in shares of Intuitive Surgical by 98.4% in the third quarter. Salem Investment Counselors Inc. now owns 1,470 shares of the medical equipment provider’s stock worth $1,562,000 after buying an additional 729 shares during the last quarter. IFM Investors Pty Ltd purchased a new position in shares of Intuitive Surgical in the third quarter worth $1,094,000. Ameritas Investment Partners Inc. raised its holdings in shares of Intuitive Surgical by 9.3% in the third quarter. Ameritas Investment Partners Inc. now owns 4,276 shares of the medical equipment provider’s stock worth $4,409,000 after buying an additional 365 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of Intuitive Surgical by 195.6% in the third quarter. Parallel Advisors LLC now owns 470 shares of the medical equipment provider’s stock worth $184,000 after buying an additional 311 shares during the last quarter. Institutional investors and hedge funds own 32.80% of the company’s stock.

In other news, insider Craig H. Barratt sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $371.18, for a total transaction of $5,567,700.00. Following the completion of the sale, the insider now owns 7,500 shares in the company, valued at approximately $2,783,850. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark J. Rubash sold 6,000 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $395.95, for a total transaction of $2,375,700.00. Following the completion of the sale, the director now owns 5,453 shares of the company’s stock, valued at approximately $2,159,115.35. The disclosure for this sale can be found here. Insiders have sold a total of 55,944 shares of company stock valued at $21,432,971 in the last quarter. 2.20% of the stock is currently owned by company insiders.

A number of research analysts have issued reports on ISRG shares. Wells Fargo & Co reaffirmed a “buy” rating on shares of Intuitive Surgical in a report on Monday, October 16th. Wedbush reiterated a “buy” rating on shares of Intuitive Surgical in a research note on Tuesday, October 10th. Zacks Investment Research upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $418.00 price objective on the stock in a research note on Wednesday, October 25th. BidaskClub lowered shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. Finally, Goldman Sachs Group restated a “buy” rating on shares of Intuitive Surgical in a research report on Saturday, November 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $335.32.

Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) traded down $3.93 on Friday, hitting $364.94. 528,285 shares of the company’s stock were exchanged, compared to its average volume of 958,141. The firm has a market capitalization of $41,331.07, a PE ratio of 47.15, a PEG ratio of 5.12 and a beta of 0.48. Intuitive Surgical, Inc. has a 1-year low of $208.24 and a 1-year high of $405.05.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Thursday, October 19th. The medical equipment provider reported $2.77 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.78. Intuitive Surgical had a net margin of 30.16% and a return on equity of 18.20%. The firm had revenue of $806.10 million during the quarter, compared to analysts’ expectations of $753.25 million. During the same quarter in the previous year, the business posted $2.06 earnings per share. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. sell-side analysts anticipate that Intuitive Surgical, Inc. will post 7.85 earnings per share for the current year.

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About Intuitive Surgical

Intuitive Surgical, Inc (Intuitive) designs, manufactures and markets da Vinci Surgical Systems, and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and a vision system. The da Vinci Surgical System translates a surgeon’s hand movements, which are performed on instrument controls at a console, into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports.

Institutional Ownership by Quarter for Intuitive Surgical (NASDAQ:ISRG)

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